A work package has been scheduled to cost $1.000 to complete, and was to be finished today. As of today, the actual expenditure is $1.200 and approximately half of the work has been completed. Was is the cost variance?

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A work package has been scheduled to cost $1.000 to complete, and was to be finished today. As of today, the actual expenditure is $1.200 and approximately half of the work has been completed. Was is the cost variance?